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I found when I was studying that the 50 mark questions were taking more than twice the length of time to complete than the 25 mark questions, and overall were more difficult and a bit overwhelming. So I had already made the decision to do questions 2 and 3 first, trying to maximise the number of points on those then spend whatever time remained on question 1, aware that I might run out of time.
I figured if I did Q1 first the danger would be getting bogged down in it, spending over 2 hours on just that question then doing the remaining 2 questions in a panic.
As it happened I managed to get Q2 done in 45 mins and Q3 done in 40 mins, so had 1hr 50 left for Q1, and used up most of that time. I think it was the right tactic.
I also found the Amma/Ammacorp question quite tough and wasn’t 100% sure what was being asked at all times, especially as the 10 mark part, which was about the employee package, seemed too easy for 10 marks. I’m certain I must have missed the point on that one.
Q2 was a group question with a company leaving the group still owning a building which was an intra-group transfer, the capital gains consequences, degrouping charge and SDLT. I think there was a capital goods scheme part to that question as well, or it might have been in another question.
Q3 was mostly IHT, I think, with some Agricultural Property Relief and also Residence Nil Rate Band when the estate is worth over 2 million. I wasn’t sure on the restriction to RNRB when the person has acquired the RNRB of their deceased spouse, but hope I picked up marks on the rest of it even if that bit was incorrect. I also remember something about EIS IT relief and re-investment relief which may have been part of Q3. It’s all a bit of a blur.
Fingers crossed.